Fort Lauderdale vs Nearby Cities
There is a lot of variety in real estate prices in southern Florida. While cities like West Palm Beach and Delray Beach have median listing prices around $300,000 or below, the median listing price in Fort Lauderdale is much closer to $500,000 if not a little above. The median listing price in Boca Raton is around $400,000, and the median listing price in Miami is closer to $450,000. Buyers can expect to pay a median of $200 to $300 per square foot in this area, depending on the city chosen. Renters typically pay an average of $2,000 per month.
Fort Lauderdale Property Managers
Property managers are responsible for keeping rental properties profitable and in compliance with all landlord-tenant laws. They also help decorate and maintain rental units so that they are attractive to tenants. When a unit is vacant, it is the property manager who often handles the marketing and screening to secure new tenants.
Fort Lauderdale Property Management Company Fees
Property owners can expect to pay between eight and 12 percent of the rent collected from tenants to secure a talented property manager. The manager may also ask for a leasing fee, which is typically a higher percentage of the first month’s rent for each new tenant secured. Owners also cover everyday expenses to maintain the property.
- Landlords must give tenants at least three days to pay their past due rent before the landlord can file for eviction.
- There are no restrictions on the amount that a landlord may charge for a security deposit.
- If a landlord hires a property manager to act on their behalf, the rental agreement must identify the manager along with their contact information.